US retail sales lose steam, consumer confidence drops as costs rise
Donald Trump
WASHINGTON: US retail sales lost momentum in September (Nov 25), new government data showed on Tuesday, as firms faced higher costs and households grew more cautious amid rising prices and President Donald Trump’s tariffs. The delayed figures pointed to weaker consumer activity toward the end of summer, while a separate survey showed consumer confidence falling to its lowest level since April. Economists warn the slowdown is likely to continue as tariffs push up costs and the labour market
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